by Lara | May 18, 2016 | Gold |
The main Elliott wave count was invalidated at the hourly chart level with a new low below 1,269.63. At that stage, both alternates expected more downwards movement. Summary: More downwards movement should be expected from here. The preferred wave count (about a 60%...
by Lara | Apr 14, 2016 | Gold |
The main Elliott wave count expected downwards movement, which is what happened. The short term target on the hourly chart was 1,228 and a bounce was expected from there. The bounce came at 1,229.17. Summary: A new low below 1,209.08 would confirm the main wave count...
by Lara | Mar 23, 2016 | Gold |
Upwards movement was expected but did not happen. Downwards movement has invalidated one Elliott wave count. Summary: It looks like price has broken out of a range to the downside. The main wave count will expect intermediate wave (2) downwards is underway. A clear...
by Lara | Mar 10, 2016 | Gold |
Upwards movement was expected from yesterday’s analysis. Summary: Upwards movement is most likely a B wave within an expanded flat. Downwards movement is expected to a target at 1,224. A new low below 1,266.69 would confirm that the correction is not over....
by Lara | Mar 1, 2016 | Gold |
A little more upwards movement was expected to end about 1,245 – 1,247, and then a small wave down was expected. Price turned at 1,248.44. Summary: The target for a short fifth wave up is at 1,261. If this target is wrong, it may be too low. On the way up, a new...
by Lara | Feb 18, 2016 | Gold |
Again, I have three hourly wave counts. Volume is used to indicate which is most likely. Summary: Minute wave iv may be over. As long as price remains above 1,216.92, this should be expected to be the most likely scenario. The target for a strong fifth wave up is at...
by Lara | May 25, 2015 | Gold |
The main bull and bear Elliott wave counts expected a little downwards movement. Price has drifted sideways in a narrow range. Summary: A small B wave is most likely continuing sideways as a double combination. The target for it to end is 1,215. Thereafter, both main...
by Lara | Mar 20, 2015 | Gold |
Upwards movement was unexpected. The second wave correction is continuing higher. Summary: The target for upwards movement to end is at 1,191 – 1,193. The next daily candlestick must return price below the upper edge of the blue base channel. If a full daily...
by Lara | Feb 17, 2015 | Gold |
I had expected a downwards day for Tuesday which is what has happened. The depth of this downwards movement may be surprising, but it fits the wave count nicely. Summary: It is most likely the correction is incomplete. I expect upwards movement to 1,243 to complete a...
